Fibocom Wireless Inc.’s Net Profit Rose 59.2% in First Three Quarters of 2023

Fibocom Wireless Inc. (深圳市广和通无线股份有限公司) (300638.SZ) reported a net profit of 455 million yuan in the first three quarters of 2023, up 59.2% year-on-year.

Meanwhile, the company posted 5.9 billion yuan in revenue, up 59% year-on-year.

At the end of the reporting period, it had 7 billion yuan in total assets and 4 billion yuan in total liabilities, with a liability-to-asset ratio of 56.4%.